FAQ
FAQ
Frequently Asked Questions
What is the lending formula?
That is based on the property and the type of transaction. Most often up to 90% of the purchase price or 65% of the as-is or after-repair appraised value, whichever is less.
Do you lend for both the purchase and the repairs?
Yes. Just bring us the deal and we’ll discuss it.
Who do you lend to?
We lend to entities. Not an entity? No problem. You can form an entity within minutes.
Can free and clear properties be used to fund future non-owner occupied properties?
Absolutely. Usually lending up to 65% of the as-is combined value of the two properties is possible.
Is credit the deciding factor?
No. The loans are based on the value of the property not on your credit score, income, or debts. Good credit is used to price the loan i.e. to get a better rate.
What do you fund?
Non-owner-occupied single family residential